Porsche 2012 Annual Report Download - page 78
Download and view the complete annual report
Please find page 78 of the 2012 Porsche annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
 |
 |
Remuneration of the supervisory board
Porsche Holding Stuttgart GmbH (and thus also
Porsche AG) and Volkswagen AG as well as their
subsidiaries were still group entities as defined by
Sec. 18 AktG in the fiscal year 2012. Therefore, the
total remuneration required to be published accord-
ing to the German Corporate Governance Code for
Porsche SE’s supervisory board members also
includes any remuneration that the members of the
supervisory board received on account of their
service in the Volkswagen group and in the Porsche
Holding Stuttgart GmbH group.
The remuneration of the members of Porsche
SE’s supervisory board presented below therefore
includes not only remuneration for their service on
the company’s supervisory board but additionally
remuneration for their membership in the superviso-
ry boards and other control bodies within the mean-
ing of Sec. 125 (1), Sentence 5 AktG of the Porsche
Holding Stuttgart GmbH group and of the
Volkswagen group. The remuneration paid is based
on the respective articles of association of the com-
panies.
In accordance with article 13 (2) of Porsche
AG’s articles of association, members of Porsche
AG’s supervisory board who are also on Porsche
SE’s supervisory board did not receive perfor-
mance-related remuneration from Porsche AG in the
fiscal year 2012 in order to avoid duplicate pay-
ment. Art. 13 (2) of the articles of association of
Porsche AG was amended in the fiscal 2012. As of
the fiscal year 2013, members of the supervisory
board of Porsche AG who already receive remu-
neration for membership of a supervisory body of
an affiliated company of Porsche AG as defined by
the AktG do not receive remuneration for their ser-
vice on the supervisory board of Porsche AG in
order to avoid duplicate payment.
Beyond this, the supervisory board members of
Porsche SE did not receive any other remuneration
or benefits in the past fiscal year 2012 for any ser-
vices they provided personally, such as consultancy
and referral services.
2The company
Group management report
274